Recovered Paper Market Outlook
In a world increasingly attuned to environmental sustainability and resource conservation, the global market for recovered paper emerges as a pivotal player in the recycling ecosystem. According to the latest analysis by Expert Market Research, the recovered paper market size for recovered paper reached volume of almost 277.08 million metric tons in 2023, with a projected compound annual growth rate (CAGR) of 2.5% from 2024 to 2032.
Understanding Recovered Paper
Recovered paper, also known as recycled paper or secondary fiber, refers to paper and cardboard products that have been collected, sorted, and processed for recycling purposes. These materials are diverted from the waste stream and undergo various recycling processes to produce new paper and paper-based products. Recovered paper serves as a sustainable alternative to virgin fiber, conserving natural resources, reducing energy consumption, and mitigating environmental impacts associated with paper production.
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Factors Driving Market Growth
The primary driver of the recovered paper market is the growing awareness and emphasis on environmental sustainability. As concerns about deforestation, carbon emissions, and waste management continue to rise, businesses and consumers are increasingly opting for eco-friendly alternatives. Recovered paper offers a sustainable solution by reducing the need for virgin pulp, conserving natural resources, and minimizing waste generation.
Moreover, the rising demand for recycled products, particularly in the packaging industry, is fueling the growth of the recovered paper market. Packaging manufacturers are embracing recycled paper as a cost-effective and environmentally responsible alternative to traditional packaging materials. With the proliferation of e-commerce and heightened focus on recyclability, the demand for recycled paper packaging is expected to escalate further in the coming years.
Additionally, government initiatives and regulations aimed at promoting recycling and waste reduction are driving market growth. Many countries have implemented policies to incentivize recycling efforts, impose landfill taxes, and set recycling targets, thereby encouraging the adoption of recovered paper across various sectors.
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Recovered Paper Market Segments
Mills process scraps of the paper include NES paper scrap, Kraft paper scrap, bleached paper scrap, and mechanical pulp paper scrap into new paper products that are known as recycled paper. Recycled paper is generally utilised for printing, writing, and packaging like corrugated boxes, folding boxboard, and paper bags, among others. For the paper industry, recycled paper is a key, renewable raw material supply. The pulp of wood or other fibrous cellulosic material is included in recovered papers.
Based on type, the market is classified into:
- Fresh
- Recovered
By application, the market is categorised into:
- Containerboard
- Other Paper and Board
- Newsprint
- Tissue
- Printing and Writing
Based on region, the market is divided into:
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East and Africa
Key Market Players
The major players in the global recovered paper market report are
- Waste Management, Inc. (NYSE: WM)
- Smurfit Kappa Group
- DS Smith Plc
- Republic Services, Inc.
- Cascades Inc.
- SUEZ
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Challenges and Opportunities
Despite the favorable market conditions, the recovered paper industry faces certain challenges, including contamination issues, quality concerns, and fluctuating market dynamics. Contamination of recycled paper with non-paper materials such as plastics, adhesives, and inks can affect the quality and recyclability of the final products, posing challenges for manufacturers and recyclers.
However, technological advancements in recycling processes, innovations in material sorting techniques, and investments in infrastructure development present opportunities for market players to overcome these challenges. Moreover, the growing emphasis on circular economy principles and the adoption of advanced recycling technologies are expected to further propel market growth in the coming years.
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